The DRT allowed Canara Bank's application under Section 19 RDB Act for recovery of Rs. 33,19,325.98 with interest. The court found the bank's case proved, granted recovery via sale of mortgaged property, and directed issuance of a recovery certificate.
Recovery of Rs. 33,19,325.98 with interest allowed; Recovery Certificate issued; Sale of mortgaged property directed.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 729/2023 Date of Institution: 29.03.2023 Date of Decision: 29.07.2025 Canara Bank having its branches all over India and a branch at Pachranga, District Jalandhar, Punjab. ……..Applicant Vs. Sh. Inderjit Singh s/o Sh. Sardara Singh, r/o Village Pachranga Bhogpur, Tehsil and District Jalandhar, Punjab.
……….Defendant
Advocates
Sh. Shivam Deep Dwivedi proxy counsel for Sh. Neeraj Madaan, Counsel for the applicant bank. Defendant- ex parte vide order dated 09.09.2024 . OA for the Recovery of Rs.33,19,325.98p with interest @9.75% per annum with half-yearly rests from 29.03.2023.
ORDER
2
2 issues framed by the court
Whether Canara Bank proved its case for recovery of loan dues against the respondent.
Whether the applicant is entitled to a recovery certificate and sale of mortgaged property.
1 provisions across 1 enactments
Canara Bank
Sh. Inderjit Singh
A S NARANG
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
